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Business

FG Spends N1trn In January, February To Service Debt Says DMO

The Federal Government has spent N1trn or $2.31bn to service Nigeria’s N44.06trn ($101.9trn) debt in the first two months of 2023.The development is coming...

Business

FG Raises N742.5bn From Sukuk Bonds In Five Years For Construction Of Over 71 Road Projects

Between 2017 and 2022, the Federal Government has raised the sum of N742. 56bn from the issuance of Sukuk Sovereign Bond for the construction...

Business

FG Woos Bond Investors With Higher Interest Rates Amid Moody’s Downgrade

The Debt Management Office (DMO) has increased the rates on FGN Savings Bond, a move to attract domestic investors who are now cautious of...

Business

FG’s N22trn Ways And Means Borrowing From CBN Forces Moody’s To Downgrade Nigeria’s Credit Worthiness To Very High Risk

Nigeria’s debt rating has been downgraded by United States-based Moody’s investors over the country’s revenue woes and excessive funding through the Central Banks’ ways and means.Moody’s...

Business

How Nigeria’s Debt Profile Rose By N4.5trn In 9 Months

Nigeria’s local and foreign borrowings reached another milestone in September after rising by N4.5trn in Nine months, analysis by THE WHISTLER has shown.Nigeria’s total...

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